Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.088%

Price spread now: dYdX against edgeX+0.174%51s7-day average −0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$660.659% of the position

Long on edgeX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.417%+$42 on $10k

Price spread, last 4 days (all we have)−0.323%−$32 · spread now +0.174%, 7d avg −0.079%

Together, before fees+0.094%+ Points / potential airdropedgeX: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and dYdX is 0.253% dearer against edgeX than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.079%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BNBUSDC	785.00	0.0100	pay 0.0050% / 4h	2h 20m	$4.1M	$75.4M	30x
Short	dYdX BNB-USD	786.37	0.0162	get 0.0020% / 1h	20m 18s	$159K	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee dYdXbpOrdersPrice spread, now +0.174%Rate

Funding earned: $13.11
Price spread: +0.174% → −0.079%: $25.31
Slippage, 4 orders: −$46.89
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$27.47
Costs to cover: 0.659%
Break-even: 21.7 days

Slippage from edgeX: live order book, 4 min ago; dYdX: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 4 min ago	2.55 bp	7.0 bp −$7	7.0 bp −$70	10.5 bp −$1,053	doesn't fit
Sell dYdX live order book, 29 min ago	11.80 bp	25.5 bp −$25	67.8 bp −$678	112.2 bp −$11.2K	148.7 bp −$74.4K

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]	L −0.0192% / S +0.0356%	1h	786.45	+0.185%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.02	+0.257%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.09	+0.266%	$849K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.53	+0.195%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.559%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	787.34	+0.298%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0042%	8h	785.83	+0.106%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0050%	8h	787.26	+0.288%	$68.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0059%	8h	787.60	+0.331%	$80.5M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0059%	8h	787.35	+0.299%	$490.6M	$812.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.49	+0.190%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	785.85	+0.108%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.86	+0.237%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.66	+0.211%	$265K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.35	+0.172%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.08	+0.265%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.87	+0.238%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.62	+0.206%	$138.2M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.60	+0.204%	$53.4M	$112.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.80	+0.229%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.60	+0.204%	$36.6M	$59.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.50	+0.191%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.40	+0.178%	$76.1M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.97	+0.123%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.81	+0.103%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDClong	+0.0100%	4h	785.00	long leg	$4.1M	$75.4M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	785.20	+0.025%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.36	+0.173%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.79	+0.228%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.14	+0.273%	$13K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.29	+0.164%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.95	+0.249%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.38	+0.176%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.79	+0.227%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.33	+0.169%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0123%	1h	786.80	+0.229%	$387K	$993K	10x	as long as short
Kalshi KXBNBPERP	+0.0150%	8h	785.80	+0.102%	$161K	$2.7M	4.8x	as long as short
dYdX BNB-USDshort	+0.0162%	1h	786.37	+0.174%	$159K	$62K	10x
BloFin BNB-USDT	+0.0179%	8h	786.29	+0.164%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0211%	8h	785.17	+0.022%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	787.22	+0.283%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	786.30	+0.166%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0341%	1h	785.39	+0.050%	$637K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	787.08	+0.265%	$1.5M	$143K	25x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.93	+0.246%	$1.1M	$902K	20x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	785.22	+0.027%	$67K	$39K	12x	as long as short